Village Roadshow (VRL.AU)- A Box Office Hit!

James Nicolaou

Baillieu Holst Ltd

VRL look set to deliver a solid FY15 on 21/8/15. One of the main drivers for this resurgence has been the influx of Chinese tourists coming in their droves taking advantage of a Falling A$. Chinese outbound travel continues to grow rapidly, with the number of overseas trips taken surpassing 100mln in 2014, +19% yoy and on track to smash that number this CY. Village offers tourists the best in Leisure activities via its Film & Theme Parks business. VRL has stated its FY result will be a all-time record, based on a much stronger film schedule, growing bias to water parks rather traditional theme parks assisting in lifting margins and limiting capex and the prospect of another special dividend at end FY15 given the defensive nature of its earnings streams. With headline films such as Mad Max, Fast & Furious & the Avengers breaking records at the Box office, upside risk around further weakness in the A$ and a ~5% fully franked dividend yield make VRL a standout exposure. BUY (VIEW LINK)


James Nicolaou
James Nicolaou
Institutional Research Sales & Trading
Baillieu Holst Ltd

James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment